Luxcara, Vestas agree to close turbine supply for 160 MW in Finland

Luxcara, an independent asset manager in the global renewable energy market, and Vestas have closed turbine supply agreements and long-term service agreements for the three wind projects Välikangas, Pihtipudas, and Sievi. Vestas has developed a customized wind energy solution that features 38 V150-4.2 MW turbines with site specific towers, capable of optimizing annual energy production and offering competitive levelized cost of energy.

“We are very much looking forward to working together with Vestas on our Finnish portfolio,” said Dr. Philip Sander, managing partner of Luxcara. “We are convinced that the projects will benefit from Vestas’ expertise in the Nordics and that the selected turbines will ensure the best possible use of the very good wind conditions to produce clean and sustainable energy.”

“I would like to thank our customer, Luxcara, for the confidence they have shown in the capabilities of our 4-MW platform and our services,” said Christer Baden Hansen, vice president, sales North & West, Vestas Northern & Central Europe. “We believe that the three projects will benefit from the V150-4.2 MW turbine’s extremely competitive levelized cost of energy and its perfect fit with the site’s wind conditions. The order affirms the competitiveness of Vestas’ wind power solutions and that wind power provides an attractive long-term energy investment, capable of delivering beyond its climate and sustainability benefits.”

The wind projects are in the Northern Ostrobothnia region and benefit from favorable wind conditions near the shore.

Together they will provide more than 140,000 households with clean energy. The wind projects have been acquired for a portfolio for institutional investors advised by Luxcara.

The contract includes supply, installation, and commissioning of the wind turbines, as well as a 25-year Active Output Management 5000 (AOM 5000) service agreement. The project will feature a VestasOnline® Business SCADA solution to lower turbine downtime and optimize the energy output. Turbine delivery is scheduled for the second quarter of 2021.